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ACQUISITION

June 19th, 2018 India’s leading payment gateway Paytm on Tuesday has reportedly acquired Cube 26, which is a New-Delhi based technology company backed by Flipkart and Tiger Global. The tech firm had raised a seed funding from both the investors amounting to $7.7 million in 2015. The start-up was founded by Saurav Kumar, Abhilekh Agarwal, and Aakash...
ACQUISITION

June 18th, 2018 Reliance Brands, a subsidiary of Reliance Industries Ltd. is eyeing to fully acquire Genesis Luxury Fashion Pvt Ltd. which is a unit of Genesis Colors involved in the marketing and distribution of International Luxury labels for an estimated amount of Rs 450 crore. Genesis Luxury comes under India’s top luxury groups and this...
ACQUISITION

June 16th, 2018 India’s largest private sector fund ICICI Venture has sold off 30% of its stake in hospital chain Krishna Institute of Medical Sciences to its competitor General Atlantic worth Rs 850 crore. Through this deal, the company is expected to make close to four-fold returns on its initial investment in four years. The valuation of the...
ACQUISITION

June 13th, 2018 Sweden based caller identification app Truecaller has acquired payment startup Chillr to boost its payment business in the country, as announced at a press conference in Bengaluru on Wednesday. The acquisition has come in just after the company announced to roll out credit and other financial services to Indian users in the coming...
ACQUISITION

June 12th, 2018 The securitization and reconstruction firm JM Financial Asset Reconstruction Co. has reportedly been planning lately to acquire majority stakes by converting a part of the debt to equity in the popular Leelaventure Ltd. According to the reports, Leelaventure’s board has approved an enabling resolution and the deal has been confirmed on...
ACQUISITION

June 9th, 2018 A subsidiary of Mukesh Ambani-led Reliance Industries Limited called ‘Reliance Brands Limited’ has bought 100% stake in Rhea Retail Private Limited and has successfully acquired it for Rs 203.46 crore ($30 million) in cash. Rhea Retail is a Delhi-based privately owned firm which was founded in 2007 and its main line of business...
ACQUISITION

June 4th, 2018 According to the reports, the software leader Microsoft has approved of buying out GitHub Inc. for $7.5 Billion. Github is the world's leading company for providing open-source code hosting services. GitHub was last valued at $2 billion back in 2015, however, the terms of the present deal are still not known and have neither been...
ACQUISITION

May 31st, 2018 India’s third-largest Bengaluru-based Hotel chain, Treebo Hotels has made its very first acquisition by getting hold of an event and activity discovery platform that brings all events, movies and things to do in various cities of our country. The acquired company is known as Events High. The event company provides various kind of...
ACQUISITION

May 30th, 2018 India's largest peer to peer Knowledge Sharing Platform, Vokal has acquired a social network based quizzing app called StupidChat Technologies in an all-stock deal for an undisclosed amount. Founded in 2017 by Sourav Karmakar and Saheb Roy, StupidChat App is often known as the Uber of Anonymous Social Network that lets users connect...
ACQUISITION

May 28th, 2018 Ed-Tech Startup iNurture, which provides industry-related skill courses has acquired a skill-based student employability platform KRACKiN Technologies Pvt. Ltd.in an undisclosed amount. Post this buyout, Bengaluru based iNurture is looking forward to boosting its network in helping graduates become employable. Ashwin Ajila, the...
ACQUISITION

May 28th, 2018 Zodius capital, a tech-oriented investment firm has elevated its stake in Zivame, which is a lingerie retailer by purchasing shares of the early backers of the lingerie startup named Kalaari Capital and IDG Ventures that invested in Zivame in early 2012. According to the reports, the funding agency now controls almost 45% in Zivame....
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